Decline of the high street forces historic jeweller to close

Changing condition on the high street have forced Prestons of Bolton to close after nearly 150 years of trading.

The independent, family-owned, jewellery retailer is one of Bolton’s most iconic shops, often referred to as the ‘Diamond centre of the North’ by consumers from all over the country.

Despite being one of the longest-standing businesses in Bolton, Prestons has unfortunately succumbed to the decline of the high street.

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Sue Meade, who has been store manager for the past 20 years, told The Bolton News: “This is not a decision we have taken lightly, the store has always competed with other high street retailers and the internet, but sadly it is no longer possible to continue trading from the Bolton store.

Prestons will temporarily shut at 5pm today and will reopen for a closing down sale from 9.30am on Saturday, September 3 before closing permanently once all stock has gone.

According to The Bolton News, all items in the ‘everything must go sale’ will be marked up at 60% off.

Prestons of Bolton has been a fixture in the town centre since 1869 when it was founded by goldsmith James Preston.

The store moved to its current location 1913 and was the only jewellery store outside of London to trade on four floors.

It is believed Prestons’ other two stores in Wilmslow and Guildford have been unaffected by high street changes and will continue trading.